Nottingham-based John Pye Auctions has acquired a new site in Zaragoza, Spain, as part of its wider European expansion plans.
The UK business, which holds more than 2,000 auctions a year and has been trading for 50 years, has bought the 156,000 sq ft site in the municipality of Bisimbre. It will be the auctioneer’s first move into the European market and is expected to be fully operational by September – creating up to 80 jobs within the first 18 months.
John Pye management said they have been planning to move into Europe for some time and chose Zaragoza due to existing clients with distribution networks in place there.
